W.G. Shaheen & Associates DBA Whitney & Co Makes New Investment in ASML Holding (NASDAQ:ASML)

W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in ASML Holding (NASDAQ:ASML) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,091 shares of the semiconductor company’s stock, valued at approximately $8,380,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in ASML during the 3rd quarter worth $25,000. Milestone Investment Advisors LLC bought a new position in shares of ASML in the third quarter worth about $28,000. Kennebec Savings Bank lifted its position in shares of ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the last quarter. Fortitude Family Office LLC grew its holdings in ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in ASML in the 3rd quarter worth approximately $43,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 0.8 %

NASDAQ ASML opened at $737.01 on Monday. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $732.62 and its two-hundred day moving average is $758.26. The company has a market capitalization of $289.95 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 1.64 and a beta of 1.47.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. Equities analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were paid a dividend of $1.5855 per share. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date was Tuesday, February 11th. ASML’s dividend payout ratio is currently 25.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASML shares. JPMorgan Chase & Co. reduced their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $937.00.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.